Category: Cryptocurrency

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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — Canaan INC (NASDAQ: CAN), a leading blockchain hardware manufacturer, today announced the launch of the Avalon Mini 3 and Nano 3S in Las Vegas, CES. The two innovative Bitcoin mining devices are designed to democratize cryptocurrency mining for individuals and turning a home heating system into a crypto mining device.

Product Innovation

Canaan is redefining home cryptocurrency mining with two groundbreaking devices. The Avalon Mini 3, with a Hashrate of 37.5Th/s, offers a unique dual-purpose solution, combining efficient Bitcoin mining with home heating. The app-controlled operation and sleek, quiet design, provides a remarkably easy-to-use, energy-efficient solution for mining newcomers and enthusiasts.

The Avalon Nano 3S, which is upgraded from the widely-welcomed Avalon Nano 3, with a Hashrate of 6Th/s, complements this offering as an affordable, beginner-friendly Bitcoin mining device. Its compact and portable design alongside its low power consumption makes it ideal for individual users while supporting the broader goal of Bitcoin network decentralization.

Reimagining Technology Efficiency

The Avalon Mini 3 can simultaneously mine Bitcoin and warm living spaces, offering homeowners a unique way to offset energy costs and reduce environmental impact. This device gives users innovative access to heat recycling, turning the computational work of Bitcoin mining into a dual-purpose solution that provides both digital currency and home comfort.

“We are committed to making Bitcoin mining accessible to everyone,” said NG Zhang, CEO and founder of Canaan. “The Avalon Mini 3 and Avalon 3S represent our vision of user-friendly, practical mining solutions for the modern individual. We’re reimagining how technology can create value while minimizing environmental waste. The Avalon Mini 3’s ability to generate cryptocurrency while heating your home is a perfect example of our vision for sustainable, multi-purpose technology.”

Availability

Preorder Now at https://canaan.io/avalonhome

During the preorder period till the end of February 2025, the price for Avalon Nano 3S is USD249 and Avalon Mini 3 is USD899 while supplies last.

About Canaan Inc.

Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name Avalon.

Website: canaan.io 
Media Contact: pr@canaan-creative.com
Telegram Group Official: https://t.me/Canaanio
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As cryptocurrencies continue reshaping the financial world, savvy investors are already looking for the best digital assets to add to their portfolios in 2025. The crypto market has evolved beyond speculative investments, with an increasing focus on scalability, real-world applications, and strategic partnerships. Here’s a breakdown of the top crypto coins for 2025 that promise substantial growth potential: BlockDAG (BDAG), XRP (Ripple), Cardano (ADA), and Stellar (XLM).

BlockDAG (BDAG): The Scalability Game-Changer

Among the top crypto coins for 2025, BlockDAG stands out for its revolutionary approach to blockchain technology. Instead of relying on traditional blockchains, BlockDAG uses Directed Acyclic Graph (DAG) technology to process multiple transactions simultaneously, eliminating network congestion and improving scalability.

With BlockDAG currently priced at $0.0248 and raising over $176.5 million through its presale, the project has already delivered a 2380% ROI to early investors. Analysts predict that BDAG could see returns of up to 30,000x, making it a high-potential investment for 2025.

BlockDAG’s integration of WebAssembly (WASM) and Ethereum Virtual Machine (EVM) compatibility makes it highly developer-friendly, while its low-code, no-code tools lower the barrier for creating decentralized applications (dApps). The project’s unique technology and accessibility make it a standout among emerging cryptocurrencies.

XRP (Ripple): The Pioneer of Cross-Border Payments

Ripple (XRP) remains a powerhouse in the crypto world, particularly in the cross-border payments sector. XRP’s ability to provide fast, low-cost international transfers has made it a popular choice among financial institutions worldwide.

The recent launch of Ripple’s stablecoin, RLUSD, has further bolstered XRP’s use case, pushing its price to $2.40 with an 11% daily increase. Despite past legal challenges, Ripple continues to secure partnerships with banks and payment providers, ensuring its relevance in the global financial system.

With analysts predicting XRP could retest its all-time high of $3, Ripple is a solid investment for those seeking a coin with proven real-world utility and resilience in the face of regulatory challenges.

Cardano (ADA): A Smart Contract Contender

Cardano (ADA) is another top crypto coin for 2025, known for its innovative proof-of-stake (PoS) consensus model and smart contract functionality. Cardano’s eco-friendly PoS system has attracted investors looking for sustainable blockchain solutions, and its recent price rebound to over $1 signals renewed investor interest.

While Cardano has faced criticism for its slow-paced development, its methodical approach to scalability and security makes it a strong long-term investment. The platform’s Hydra scaling solution, expected to roll out fully in 2025, aims to dramatically increase transaction speeds and lower costs, making Cardano more competitive in the DeFi space.

For investors focused on sustainability and steady growth, ADA remains a top pick in the crypto space.

Stellar (XLM): Bridging Traditional and Decentralized Finance

Stellar (XLM) continues to gain traction as a bridge between traditional finance and blockchain technology. The platform’s focus on cross-border transactions has made it popular among both financial institutions and retail users.

Recent partnerships with major banks and fintech companies have driven XLM’s price up by 25%, with analysts predicting further growth to $0.60 or even $0.70 in the coming months. Stellar’s focus on financial inclusion and low-cost transfers aligns with its mission to make financial services accessible to everyone, especially in underbanked regions.

For investors looking for a project with strong real-world applications, Stellar is a promising choice for 2025.

Why BlockDAG Leads the Pack

While XRP, Cardano, and Stellar are well-established projects with proven track records, BlockDAG sets itself apart with its cutting-edge technology and explosive growth potential. Its DAG architecture offers unmatched scalability, making it ideal for sectors like DeFi, gaming, and NFTs.

Moreover, BlockDAG’s no-code development tools make it accessible to a broader audience, encouraging innovation and adoption. As a result, BlockDAG is positioned as a top contender for those seeking both short-term gains and long-term utility.

Final Thoughts

As we move into 2025, the crypto market is set to continue evolving with new technologies, regulatory clarity, and increased adoption. The top crypto coins for 2025 — BlockDAG, XRP, Cardano, and Stellar — offer diverse opportunities for investors, catering to various strategies and risk appetites.

Whether you prioritize scalability, sustainability, or cross-border payments, these digital assets are poised for substantial growth in the coming year. By understanding the unique value propositions of each project, investors can make informed decisions and position their portfolios for long-term success in the ever-changing world of cryptocurrencies.

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The year 2024 marked a pivotal point in the evolution of digital assets, with crypto trends reshaping the global financial landscape. While Bitcoin’s price surge and the so-called “Trump bump” garnered headlines, the real story of crypto in 2024 goes far deeper. It was the year crypto matured into a mainstream financial tool, thanks to ETFs, regulatory clarity, and a growing emphasis on practical use cases. Let’s explore the most significant crypto trends of 2024 and their implications for the future.

ETFs Redefined Crypto Accessibility

One of the most transformative crypto trends in 2024 was the introduction of Bitcoin exchange-traded funds (ETFs). These financial products bridged the gap between traditional finance (TradFi) and decentralized finance (DeFi), making digital assets more accessible to institutional and retail investors alike.

According to Bloomberg, Bitcoin ETFs saw record-breaking inflows of $3.1 billion during a single week in November, pushing total assets under management to over $107 billion. These ETFs have removed technical barriers for investors, allowing them to access Bitcoin without needing specialized wallets or technical knowledge.

The launch of ETFs fundamentally changed Bitcoin’s investor profile. Previously dominated by crypto enthusiasts and early adopters, Bitcoin now attracts large institutional investors, hedge funds, and conservative retail investors. As ETFs gain popularity, digital assets are becoming more ingrained in mainstream financial portfolios.

Regulatory Clarity Was a Turning Point

Another major crypto trend in 2024 was the long-awaited regulatory clarity, especially in the United States. The departure of former SEC Chair Gary Gensler, who was often seen as anti-crypto, and the rise of a pro-crypto administration led by President Donald Trump created a more welcoming environment for the industry.

This shift has had immediate effects. Crypto companies that previously avoided the U.S. market due to regulatory uncertainty are now returning. For example, major exchanges like Binance and Coinbase (NASDAQ:COIN) have expressed renewed interest in expanding their operations in the country.

In Europe, the Markets in Crypto-Assets (MiCA) regulation set a new standard for consumer protection and market integrity. The framework will fully take effect in 2025 and is expected to inspire similar regulatory approaches worldwide. This newfound regulatory clarity reduces the risks associated with crypto investments and enhances the industry’s legitimacy.

Crypto as a Hedge in a Volatile World

To understand the crypto trends of 2024, it’s essential to consider the broader macroeconomic context. Inflation, rising interest rates, and geopolitical tensions have created an environment where traditional fiat currencies are losing value.

In response, investors have increasingly turned to Bitcoin as a hedge against inflation. Bitcoin’s fixed supply and decentralized nature make it an attractive option for those seeking to protect their wealth from currency devaluation.

The geopolitical landscape also played a role. Rising tensions in regions like Eastern Europe and the Middle East have highlighted the need for a borderless, apolitical financial system. Bitcoin’s status as “digital gold” has been solidified, with many investors seeing it as a safe haven asset during uncertain times.

The Rise of “NewFi”

Looking ahead, one of the most promising crypto trends for 2025 is the emergence of “NewFi” — a fusion of traditional finance and decentralized finance.

Unlike DeFi’s early days, which focused on speculative trading and yield farming, NewFi emphasizes practical, real-world applications. This includes tokenized assets, on-chain identity solutions, and financial services that integrate seamlessly with existing banking systems.

One example of NewFi in action is the use of blockchain technology to tokenize real estate assets, making property investment more accessible and liquid. Another growing area is the integration of artificial intelligence (AI) with DeFi platforms to enhance security, detect fraud, and optimize trading strategies.

AI and Crypto: The Next Frontier

Another significant crypto trend is the integration of artificial intelligence into the crypto space. AI is being used to enhance trading platforms, improve security measures, and develop new financial products.

For instance, companies like Tesla (NASDAQ:TSLA) are exploring ways to use AI-powered trading bots to manage their crypto holdings more efficiently. Additionally, blockchain-based AI tools are helping users identify potential security threats, reducing the risk of scams and hacks.

AI is also playing a crucial role in the development of decentralized autonomous organizations (DAOs), which are self-governing entities that operate on blockchain networks. By combining AI and blockchain, DAOs can make more informed decisions and improve their efficiency.

The Road Ahead for Crypto

While the explosive growth of 2024 may not repeat in 2025, the foundation has been laid for long-term success. Crypto trends indicate that digital assets will continue to integrate into the global financial system, with increased adoption by institutions and governments.

As the crypto landscape evolves, NewFi will become more prevalent, bridging the gap between traditional and decentralized finance. This hybrid approach will create a more inclusive financial ecosystem, benefiting both seasoned investors and newcomers.

Ultimately, the crypto trends of 2024 highlight an industry that has matured and gained legitimacy. The future of digital assets looks promising, driven by innovation, regulatory clarity, and macroeconomic shifts that have made crypto an essential part of the global financial landscape.

Final Thoughts

The year 2024 was a turning point for the crypto industry, marked by ETFs, regulatory breakthroughs, and the rise of NewFi. These crypto trends have laid the groundwork for a more integrated and stable future, positioning digital assets as a vital component of the global economy.

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Backpack EU to offer crypto derivatives throughout the European Union including perpetual futures where no regulated products currently exist

HANOVER, Germany, Jan. 7, 2025 /PRNewswire/ — Backpack Exchange, a fully regulated global cryptocurrency exchange, today announced the successful acquisition of FTX EU, the MiFID II-licensed former European arm of FTX. Approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), this acquisition marks a major milestone in Backpack’s global expansion and commitment to delivering secure, regulated trading solutions across Europe.

With the acquisition, Backpack’s new EU arm will offer a full suite of crypto derivatives throughout the European Union including perpetual futures, a market where no regulated crypto derivatives currently exist, as unregulated offshore exchanges have been forced to wind down their unlicensed European operations.

Armani Ferrante, CEO of Backpack Exchange, commented: “As many international exchanges exit the European Union, becoming a MiFID II-licensed entity demonstrates our dedication to meeting the highest regulatory standards and is a significant step to bringing transparent, secure, and regulated crypto trading to an underserved European market.”

As part of the acquisition, Backpack EU will undertake responsibility for distributing the previously court-approved FTX bankruptcy claims to FTX EU customers.

Mr. Ferrante further noted, “Customer restitution is a crucial step to rebuild trust and confidence in the industry, and Backpack is committed to returning FTX EU customers’ funds as fast and as safely as possible.”

In addition to compliant product offerings, Backpack EU will provide seamless integration with traditional payment rails including instant, low-cost Single Euro Payments Area (SEPA)  payments and wire transfers in major currencies across the region.

The re-activation of the license is underway, with plans for Backpack EU to go live in Q1 of 2025. Further information as to how new users may sign up for Backpack EU and how FTX EU customers will be able to access their assets will be announced as it becomes available. For more information, visit https://eu.backpack.exchange/claim.

About Backpack Exchange

Backpack Exchange is a fully regulated global cryptocurrency exchange building an innovative, easy-to-use and compliant trading platform for both experienced and new web3 users worldwide. Backpack currently serves users from over 150 countries and regions with more than $60 billion in trading volume. 

The Backpack ecosystem comprises several products and services, including the popular Backpack Wallet (noncustodial), Backpack Exchange, and Mad Lads, the top NFT community in the Solana ecosystem.

X https://x.com/Backpack

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Bitcoin’s price has surged past the $100,000 mark once again, marking a significant milestone in the ongoing Bitcoin rally. With renewed investor optimism, U.S. regulatory reforms under President-elect Donald Trump, and the continued influx of funds into Bitcoin exchange-traded funds (ETFs), many believe the crypto market’s momentum will carry into 2025. However, questions remain about the sustainability of this bull run.

Bitcoin Surpasses $100,000 Amid Renewed Risk Appetite

On Monday, Bitcoin (BTCUSD) climbed 4.1%, reaching $102,504. This marks its highest weekly gain since November 2024, according to Bloomberg data.

The Bitcoin rally experienced a brief slowdown in December 2024 as investors took profits following a record-breaking run. However, optimism has returned with expectations that a pro-crypto White House will create favorable conditions for digital assets in the U.S.

Khushboo Khullar, venture partner at Lightning Ventures, highlighted the potential for a “super cycle” in 2025, driven by regulatory reforms under the Trump administration.

ETF Inflows and Premium Metrics Signal Strong Demand

One of the key drivers of the recent Bitcoin rally is the surge in inflows into U.S.-based Bitcoin ETFs. Investors poured $908 million into Bitcoin ETFs last Friday, marking the fifth-largest inflow since their launch in January 2024. This followed a record net outflow of $680 million on December 19.

Another bullish signal for Bitcoin is the recovery of the Bitcoin Coinbase Premium. This metric, which tracks the difference between Bitcoin prices on Coinbase Global Inc. (NASDAQ:COIN) and Binance Holdings Ltd., indicates stronger demand from U.S. investors.

Joe McCann, CEO of Miami-based crypto hedge fund Asymmetric, explained that ETF issuers primarily trade and custody their assets with Coinbase, influencing the premium based on demand.

MicroStrategy’s Continued Bitcoin Purchases Boost Market Sentiment

MicroStrategy Inc. (NASDAQ:MSTR), a software company that has become a Bitcoin proxy, remains a significant player in the ongoing Bitcoin rally. The company recently purchased an additional $101 million worth of Bitcoin, marking its ninth consecutive week of acquisitions.

While this is a sizable investment, it represents a decline from the over $1 billion in Bitcoin purchases made by MicroStrategy in November and December 2024.

The company’s Bitcoin-focused strategy has been a key factor in driving institutional adoption of the cryptocurrency. Led by Executive Chairman Michael Saylor, MicroStrategy’s Bitcoin holdings have consistently grown, with the company now holding over 160,000 BTC.

Regulatory Optimism Underpins Bitcoin’s Prospects in 2025

A major factor contributing to the current Bitcoin rally is the anticipation of favorable regulatory policies from the incoming Trump administration. President-elect Trump has made several pro-crypto pledges, including the creation of a national Bitcoin reserve.

This regulatory optimism has fueled hopes that the U.S. will lead the charge in adopting Bitcoin-friendly policies, encouraging both institutional and retail investors to increase their holdings.

However, the sustainability of this rally will depend on whether these pledges materialize.

Market Caution: Could Bitcoin Face a Correction in 2025?

Despite the bullish sentiment, some analysts are cautious about the longevity of the Bitcoin rally. In a recent MLIV Pulse survey, 39% of respondents identified Bitcoin as the winning investment of 2024 most likely to turn into a loser in 2025.

This skepticism is rooted in the volatility of the crypto market. While Bitcoin has demonstrated resilience and growth, it remains susceptible to sudden downturns due to regulatory shifts, economic instability, or unexpected market events.

What’s Next for Bitcoin in 2025?

The future of the Bitcoin rally will largely hinge on several key factors:

U.S. Regulatory Policies: The extent to which the Trump administration delivers on its crypto promises will play a crucial role in shaping Bitcoin’s performance.

Institutional Adoption: Continued investment from institutional players like MicroStrategy (NASDAQ:MSTR) and Coinbase (NASDAQ:COIN) will drive demand and influence market sentiment.

Global Economic Conditions: Macroeconomic trends, including inflation and interest rate changes, will impact investor behavior and the broader crypto market.

While Bitcoin’s rise past $100,000 marks a significant milestone, the coming months will reveal whether this is a sustainable bull run or a temporary surge. Investors should stay vigilant, keeping an eye on regulatory developments and market signals to navigate the unpredictable crypto landscape in 2025.

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The cryptocurrency market has been on a strong upward trajectory since early 2023. According to data from CryptoQuant, the crypto bull market is entering its final stages, raising questions about what lies ahead for Bitcoin (BTC) and Ethereum (ETH). With Bitcoin recently surpassing $100,000 and Ethereum breaking past $3,500, investors are wondering if there’s more room for growth or if it’s time to exercise caution.

Here’s a closer look at what analysts and industry insiders are saying about the crypto market’s future.

CryptoQuant Warns: Final Stage of Crypto Bull Market Is Here

Data analytics provider CryptoQuant recently published a report suggesting that the crypto bull market is nearing its cyclical peak. The firm warns that Bitcoin’s recent spike to $101,812 resembles patterns seen during previous market tops.

In a January 6 post, CryptoQuant contributor “Crypto Dan” stated, “With a substantial influx of new investments as well as additional funds from existing investors, it is reasonable to expect that the market is now in the latter stages of this cycle.”

According to the report, one critical metric—Bitcoin’s short-term holding percentage—jumped to 36% in Q4 2024. Historically, a high percentage of recently purchased Bitcoin indicates that investors are becoming more speculative, a sign that the bull market is reaching its end.

While CryptoQuant acknowledges that Bitcoin and altcoins could see further gains in 2025, they urge investors to be cautious. “From a conservative standpoint and with risk management in mind, caution is advised,” the post concluded.

Other Analysts Predict the Bull Run Will Continue in 2025

Despite CryptoQuant’s cautious outlook, other analysts believe the crypto bull market has more room to grow.

Asset management firm VanEck expects Bitcoin (BTCUSD) to hit a medium-term peak of $180,000 in early 2025. They also project Ethereum (ETHUSD) to trade above $6,000 by the end of the year.

According to Matthew Sigel, head of digital asset research at VanEck, “At the cycle’s apex, we project Bitcoin to be valued at around $180,000, with Ethereum trading above $6,000.”

Steno Research echoes this sentiment, predicting that 2025 could be crypto’s best year yet. They foresee Bitcoin and Ethereum surpassing their previous all-time highs as more institutional investors enter the market.

Traders on popular prediction platforms Polymarket and Kalshi also expect BTC and ETH to reach new heights in 2025. They believe regulatory developments, such as the approval of new crypto exchange-traded funds (ETFs) and the establishment of a U.S. Bitcoin reserve, could further boost the market.

What’s Driving the Crypto Bull Market?

Several factors have fueled the current crypto bull market:

Institutional Adoption

More institutional investors are embracing cryptocurrencies, driven by increasing regulatory clarity and new financial products like ETFs.

Macro Economic Trends

Global inflation and economic uncertainty have pushed investors toward Bitcoin as a hedge against traditional financial risks.

Halving Events

Bitcoin’s next halving event is expected in early 2024, reducing the block reward for miners. Historically, halving events have preceded significant bull runs.

Emerging Markets

Cryptocurrencies are becoming more popular in emerging markets, where traditional banking systems are less accessible.

Should Investors Be Cautious or Optimistic?

The key question for investors is whether the crypto bull market is closer to its peak or if it still has more upside.

CryptoQuant’s warning suggests that we could be nearing the top of the cycle. Their data indicates that speculative behavior is increasing, which often precedes market corrections.

However, many analysts remain bullish, pointing to Bitcoin’s strong fundamentals and growing adoption.

VanEck, Steno Research, and traders on Polymarket believe that Bitcoin and Ethereum will continue to rise throughout 2025, driven by increased institutional interest and favorable regulatory developments.

The Bottom Line: Is the Crypto Bull Market Ending?

While there are signs that the crypto bull market is entering its later stages, the outlook remains divided. Some analysts urge caution, warning that speculative behavior could trigger a market correction. Others remain optimistic, forecasting new all-time highs for Bitcoin (BTCUSD) and Ethereum (ETHUSD) in 2025.

As always, investors should approach the market with a balanced strategy, considering both the risks and potential rewards. Whether the bull run continues or a correction looms, the crypto market is likely to remain a hot topic throughout 2025.

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DUBAI, UAE, Jan. 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report in collaboration with Block Scholes. The report sheds light on key trends in open interest and market behavior during the significant year-end options expiration for Bitcoin (BTC) and Ethereum (ETH).

Key highlights:

Open Interest Solid Amid Year-End Options Expiration

Although open interest in BTC and ETH perpetual swaps has not returned to the early December 2024 highs, it remained stable during the critical year-end options expiration. This stability suggests that traders did not heavily rely on perpetual contracts to hedge the delta of expiring options, which contributed to the muted volatility observed during this period. Trading volumes dipped during the winter holiday season, aligning with a collapse in realized volatility, which reached its lowest levels of December.

BTC Option Curve Remains Steep During Call-Put Parity

Contrary to expectations, the expiration of December’s options did not spark a surge in volatility. Instead, realized volatility declined to the lower end of its recent range. The implied volatility term structure for BTC options remains steep, with longer-dated implied volatility hovering around 57% and 1-week at-the-money options trading approximately five points lower. Most of the expired open interest has not been reinvested, maintaining a neutral call-put balance. As a result, BTC’s options market shows limited leverage compared to its position at the beginning of December 2024, reflecting a cautious sentiment.

Huge ETH Option Expiring Doesn’t Cause Volatility

Despite the substantial expiration of ETH options in late December 2024, market dynamics remained stable. A spike in realized volatility during December failed to extend into the new year, with ETH’s spot price currently showing lower volatility compared to short-tenor implied volatility. Over the past week, the implied volatility term structure for ETH options has shifted, steepening briefly before flattening again, diverging from BTC’s consistently steep profile. This pattern suggests that ETH’s options market is bracing for potential short-term volatility in spot price movements.

Interestingly, despite the expiration, call options for ETH have gained momentum at the start of 2025, dominating the market and indicating an optimistic outlook among traders.

Access the Full Report:

Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full Bybit x Block Scholes Crypto Derivatives Analytics Report.

#Bybit / #TheCryptoArk / #BybitLearn / #BybitResearch / #BTC100K

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
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Noochies! products can now be purchased with BTC, ETH, SOL and DOGE

TORONTO, Jan. 3, 2025 /CNW/ – CULT Food Science Corp. (“CULT” or the “Company”) (CSE: CULT) (OTC: CULTF) (FRA: LN0), a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry, is excited to announce that Noochies! products can now be purchased with popular cryptocurrencies including bitcoin (BTC), ethereum (ETH), solana (SOL), and dogecoin (DOGE). Accepting cryptocurrency not only opens the Noochies! brand up to a broader consumer base but also aligns with its mission to remain at the forefront of innovation, echoing the forward-looking ethos of the crypto industry.

The Company is also excited to announce that Noochies! has won the Pet Business Industry Recognition Award for dog/cat food toppers for its recently launched line of Sprinkles. To showcase its award-winning products, the Noochies! team will be at multiple industry and consumer shows in early 2025. The Noochies! team will be forging new relationships with retailers and distributors. For more information about the Pet Business Award, please visit: https://digitalmag.petbusiness.com/petbusiness/library/page/december_2024/68/.

Key Takeaways

• Noochies! (https://www.noochies.co/) now accepts payment in popular cryptocurrencies including bitcoin (BTC), ethereum (ETH), solana (SOL), and dogecoin (DOGE).
  
• Noochies! recently won a Pet Business Industry Recognition Award for their Sprinkles line of supplements.
  
• To showcase its award-winning products, Noochies! will have a presence at key industry shows in the new year

Consumer and Industry Shows

Noochies! will be participating in multiple consumer and industry shows in early 2025 including The Super Pet Expo in Edison, NJ from January 3-5th and Global Pet Expo in Orlando, FL from March 26-28th.

Super Pet Expo (https://superpetexpo.com/) is New Jersey’s largest consumer animal and entertainment event and is expected to draw an attendance of 20,000 people over 3 days. Noochies! products including dog snacks and the recently released Sprinkles line of supplements/toppers will be available at the event for consumers to sample and purchase.
Global Pet Expo (https://globalpetexpo.org/) is the pet industry’s premier event featuring the newest, most innovative pet products. Global Pet Expo is open to independent retailers, distributors, mass-market buyers, and other qualified professionals. Attendance is expected to be over 20,000 people from 85 different countries. The Noochies! team will have a booth and will be forging new relationships with distributors and retailers.

Management Commentary

Mitchell Scott, CEO of CULT Food Science, commented, “We’re excited to expand Noochies! payment options to include cryptocurrency, further embracing innovation and convenience for our customers. Winning the Pet Business Industry Recognition Award for our Sprinkles line highlights our commitment to leading the pet nutrition sector, and we’re eager to continue driving growth with new opportunities in 2025.”

About CULT Food Science

CULT Food Science is a disruptive food technology platform pioneering the commercialization of lab grown meat and cellular agriculture to reshape the global food industry. CULT’s robust portfolio of investments in cutting-edge, venture-backed cellular agriculture and lab-grown meat companies provides widespread investor access to the future of food. Backed by a team of experts with extensive experience in food technology and launching consumer food products, CULT is committed to being at the forefront of the food revolution.

About Further Foods

Further Foods is revolutionizing pet nutrition through its innovative brand, Noochies! Noochies! leverages advanced cellular agriculture technologies to create pet food products with superior nutrition profiles and ethical standards. Noochies! recently introduced the world’s first freeze-dried, high-protein, nutrient-rich pet treats made without factory farming. Noochies! products are currently available for sale in the United States and Canada at select retailers and online at https://www.noochies.co/.

Additional information can be found by viewing the Company’s website at cultfoodscience.com or its regulatory filings on sedar.com.

On behalf of the Board of Directors of the Company,

CULT FOOD SCIENCE CORP.

“Mitchell Scott”
Mitchell Scott, Chief Executive Officer

Forward-Looking Information:

Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include but are not limited to the following risks: those associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and except as required by law, the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. For further information on risk, investors are advised to see the Company’s MD&A and other disclosure filings with the regulators which are found at sedar.com.

SOURCE Cult Food Science Corp

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